The Scotts Valley area real estate market continues to be solid with current activity reflecting a 40% pending status ratio. Meaning, 2 out of 5 homes currently on the market already have accepted offers and are in escrow.
There are a total of 50 properties currently for sale (including pending) with 37 being single-family homes with an average list price of… are you ready for it?
That means that there are quite a few homes on the market that are active AND in pending status at much higher price points than in the past. Higher priced homes that are priced right, marketed right and look great are in fact selling
As of today in mid March, there are a total of 33 closings YTD with an average list price for single-family homes being $999,786. So as the market was cooler in late December and through January as usual and also with the amount of rain we had making the market take a little bit of a back seat due to the weather conditions, we saw that more homes were selling in the lower price points at just under $1million.
As always, happy selling and happy buying!
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REALTOR® since 1986
DRE # 00921165
Keller Williams Realty
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ABOUT ROB: Robert Aldana is a 32+ year licensed real estate veteran with Keller Williams Realty, and also a long-term resident and homeowner here in town. In 2015, 2016, 2017, and 2018 Robert has been the agent chosen by more Scotts Valley area home sellers and buyers than any agent or team, and Robert was recently awarded the Santa Cruz Sentinel Readers Choice Award as the Best REALTOR® in Scotts Valley for 2016, 2017 and again in 2018.
Robert was also voted 2017 Favorite Neighborhood Real Estate Agent in Scotts Valley in the first NextDoor Fav Business Awards by local residents.